2026-01-13 08:32:04

Monero (XMR) breaks through psychological resistance, reaching $1000 milestone in Chinese markets. The privacy-focused coin continues its upward momentum as adoption interest grows across key regions. Traders are monitoring whether this level holds as potential support amid broader market sentiment shifts.

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TokenStorm

· 01-16 08:30

The psychological level of 1000 dollars has been broken again, but I calculated the backtest data, and this support level is a bit weak, so the risk factor is still somewhat high. Mining fees are insanely expensive. How long the heat in the Chinese market can last is really hard to say. Anyway, I have already hedged half. Privacy coins are called "adoption" in a nice way, but in a harsh way, they are in the eye of regulatory storms. However, arbitrage opportunities do exist. On-chain data shows that big players are accumulating again. Aren't we all retail investors being squeezed enough? But anyway, I had already mentally prepared myself long ago. The probability of fragmentation at this level is a bit high, but I couldn't resist and went in again. This is very much in line with my usual style. XMR's breakout indeed triggered FOMO, but my leverage liquidation price isn't much higher, so it's another cycle of being harvested.

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DaoDeveloper

· 01-16 05:00

honestly the privacy coin narrative gets overhyped... but the $1k support level? that's where the game theory gets spicy. gotta wonder if monero's fungibility mechanics actually hold up under real regulatory pressure tho

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DecentralizedElder